Also while visiting V and Co., I found an amazingly easy tutorial for a Fabric Flower Ring. I used some cotton fabric to pull this one together. Instead of the ring backing that I was lacking, I used black elastic and hot glued it. The directions can be found at:
http://www.vanessachristenson.com/2010/04/tutorial-fabric-flower-ring.html
Go over to V and Co. and check it out now! :)